Price Prediction for Pi Network on April 24: The Important Resistance Level is $0.689

Pi Network continues to draw attention with a notable bullish momentum, showing strong signs of a price increase. On April 23, this digital asset closed day trading at around $0.6693, up 5.36%. A significant increase in trading volume has pushed the total daily transactions to nearly $120 million. This strong increase in volume reflects the renewed interest of investors and heightened market activity surrounding the token. Furthermore, the current circulating supply is 6.94 billion PI, driving a market capitalization of approximately 4.64 billion dollars. As the token approaches key resistance levels, many traders are keeping an eye on the potential for a breakout. The support level indicates strong interest from buyers. Active trading day begins with PI finding solid support near the opening price of $0.6354. This level proves resilient, with the price quickly recovering after a small consolidation. After that, the range $0.645 to $0.650 emerged as a short-term support zone. These areas could serve as a safety net if the price faces downward pressure in the upcoming sessions. It is important that PI forms a higher low throughout the day, indicating that buying demand is continuously maintained during the day’s correction and confirming a positive sentiment.

The healthy correction near the day trading peak also indicates that the bulls may be preparing for another bullish move, especially as the trading volume increases to support this movement. Resistance is tested when the indicators turn bullish. On the positive side, the range of $0.670–$0.675 has become a short-term resistance area. The price touched this area and then slightly decreased. However, the absence of a strong drop indicates that buyers remain active. The key level to watch right now is the high from April 23 near $0.689. A confirmed breakout above this level could trigger another bullish wave towards the next resistance areas.

The MACD shows a bullish crossover with the MACD line above the signal line. The histogram chart continues to show positive growth, indicating that momentum is firmly in the hands of the buyers. In addition, the RSI has been steadily increasing and is currently at 46.24. It has surpassed the moving average of 43.49, signaling a bullish divergence. Although it is still below the 50 mark, the trend is clear: the buyers are gradually gaining control.